Aureos South-East Asia Fund II

  • Active: Active
  • Region: Asia & Pacific
  • Country: Regional
  • Sector: Investment funds
  • Year: 2010
  • Domicile: Canada
  • Instrument: Fund
  • Commitment (MNOK) as of 31.12.2019: 37.8
  • Original Commitment (MNOK): 34.9

The Fund is the second generation Abraaj fund in SE Asia, and invests in private sector companies in Thailand, Indonesia, Malaysia, Phillipines, Vietnam ansd Singapore. Total capital is USD 230m.

ASEAF II was Aureos’ second fund for South East Asia targeting Indonesia, Thailand, the Philippines and Vietnam. The fund will contribute risk capital to SMEs in the target region.

Aureos Capital Limited (Aureos)

Aureos Capital Limited (Aureos) was established in July 2001 as a joint venture between the CDC and Norfund. The objective of the joint venture was to create a strong fund manager in a market where there were no strong players, and to enabling the mobilisation of capital to develop countries far beyond what Norfund and CDC could do alone.

Aureos grew to be a global leading SME PE fund manager in emerging and developing markets. By delivering good financial results over time, Aureos succeeded in attracting an increasing proportion of private capital to the funds. Today, ‘non-DFI investors’ (including corporates, family offices, financial institutions and pension funds) is the Fund’s largest investor category. The DFI’s additional role as an investor base of the Aureos funds, as well as owners of the fund manager, diminished accordingly over time. Today, Aureos is incorporated in the  Abraaj Capital, a leading private equity investor in emerging markets.

Norfund exited Aureos Capital in 2009, but continues as an investor in the funds.

Indirect investments

Investee Sector Country
Crossland Logistics Co Other industrial partnerships Thailand
KPN Academy Education Thailand
Orca Global Pte Ltd Education Indonesia
P.T. ODG Indonesia Other industrial partnerships Indonesia
Singapore International School Education Singapore
Wine Connection Wholesale and retail Thailand
Ninja Logistics Pte Ltd Other industrial partnerships Singapore
PSGourmet Other services Singapore
HBC INC Wholesale and retail Philippines
Vietnam-USA Society English International Education Vietnam

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo

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